By Marisa Wong
Madison, Wis., April 1 – HSBC USA Inc. priced $3.15 million of 0% return optimization securities due April 29, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 16.55%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Return optimization securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $3,145,590
|
| Maturity: | April 29, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 16.55%; exposure to any losses
|
| Initial price: | $39.35
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
|
| Fees: | 2%
|
| Cusip: | 40434G874
|
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